We’ve been featuring Prager University videos at College Insurrection for years now and we figured it was about time we showcased them here at Legal Insurrection once in a while.
Dennis Prager has done an outstanding job with his online university and affiliated videos which cover everything from government issues to social policy and beyond.
The videos are hosted by figures from politics, media, business, the arts and education.
In this new offering, historian and Hillsdale College professor Burt Folsom explores the difference between innovations funded by private investment and government investment.
As you can probably guess, Folsom points out that people are usually more careful and efficient when they’re working with their own hard earned money.
He begins with the colossal failure of Solyndra and then looks back at historic developments in rail travel and the invention of the airplane.
Here’s the official description of the video from the Prager University website:
Why Private Investment Works & Govt. Investment Doesn’tFrom transportation to energy, and everything in between, should the government invest money in as many promising projects as possible? Or would that actually doom many of those ventures to failure? Burt Folsom, historian and professor at Hillsdale College, answers those questions by drawing on the fascinating history of the race to build America’s railroads and airplanes.
Watch the video below:
Featured image via YouTube.
CLICK HERE FOR FULL VERSION OF THIS STORY